I am of the opinion that ERM want out, the question is how desperate do they want out.....
IMO, If I was in their position and didn't desperately need funds I would offer EGO an
extension of repayment deadline, just say 12 months, such an extension would no doubt
require an agreed interest rate currently not applicable.......
There is nothing to gain by enforcing payment without a top up that is in vogue, they
would basically get back what they lent less inflation etc.....
There are extenuating circumstances here that no-one foresaw including
all the big boys, the sector will turn no doubt, maybe ERM might find
it in their capacity to put off repayment in return for a better outcome
in a years time....
Just a thought....
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